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Ron Johnson, Apple’s former head of retail, will not automatically assume the CEO position come November 1, the date JC Penney set for the succession of its CEO and chairman Myron Ullman III. Instead, Johnson will take the helm on February 1, following a three-month transition during which time Ullman will serve as executive chairman, we learn via a report by MercuryNews.com:

The retailer said Monday that Johnson will only take over merchandising and marketing responsibilities on that date [November 1, 2010].

This leaves Johnson plenty of time to conceive a revamp for the retailer’s fugly brick-and-mortars.